31
Aug
05:44
Hebei steel industry profit surges
The steel industry in China’s Hebei province recorded net profit of CNY 18.24 billion ($2.73 billion) over January to July 2016, an increase of 210% year-on-year, according to the Hebei provincial Bureau of Statistics (NBS). In the midst of a capacity elimination drive, the profitability of steelmakers may prove to be a headache for local officials, Kallanish notes.
Profitability has impacted production levels. Chinese seven-month crude…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous